What is the primary agency that regulates real estate in New Mexico?

The New Mexico Real Estate Commission is the primary regulatory body for real estate in the state. Its main responsibilities include overseeing real estate licenses, enforcing real estate laws, and ensuring that real estate practices comply with state regulations. The commission is instrumental in protecting the interests of the public by setting standards for ethical practice and providing a framework for real estate transactions.

In contrast, the New Mexico Department of Commerce is focused on broader economic development and business regulation, while the New Mexico Association of Realtors serves as a trade association for real estate professionals, providing resources, advocacy, and training but does not have regulatory power. The New Mexico Secretary of State's office is involved in various administrative duties, including the filing of business documents and managing elections, but it does not primarily regulate real estate activities. Thus, the distinct role of the New Mexico Real Estate Commission clearly positions it as the key agency governing real estate practices in the state.